Parker-Hannifin (PH) FY2012 results: revenue $13.1 billion, up 6.5% on the year
Parker-Hannifin Corp. (PH) reported revenue of $13.1 billion for fiscal 2012, the year ended 30 June 2012, up 6.5% on the year before. Net income was $1.2 billion, up 9.8%, and diluted earnings per share $7.45. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2014.
Revenue
$13.1 billion
+6.5% on the year
FY2008FY2012
Operating margin
15.2%
14.8% a year earlier
FY2008FY2012
Net income
$1.2 billion
+9.8% on the year
FY2008FY2012
Diluted EPS
$7.45
+17.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
13,146
12,346
9,993
+6.5%
Cost of revenue
9,958
9,387
7,847
+6.1%
Gross profit
3,188
2,958
2,146
+7.7%
Gross margin
24.2%
24.0%
21.5%
Research and development
366
359
316
+1.7%
Selling, general and administrative
1,519
1,468
1,277
+3.5%
Operating income
2,003
1,823
1,143
+9.8%
Operating margin
15.2%
14.8%
11.4%
Interest expense
92.8
99.7
104
-6.9%
Pre-tax income
1,577
1,414
755
+11.5%
Income tax
421
357
198
+18.1%
Effective tax rate
26.7%
25.2%
26.3%
Net income
1,152
1,049
554
+9.8%
Net margin
8.8%
8.5%
5.5%
Diluted EPS
$7.45
$6.37
$3.40
+17.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,530
1,167
1,219
+31.1%
Capital expenditure
219
207
129
+5.6%
Free cash flow
1,312
960
1,090
+36.7%
Free cash flow margin
10.0%
7.8%
10.9%
Cash from investing
-376
-245
-146
Cash from financing
-824
-916
-650
Depreciation and amortisation
318
337
n/a
-5.7%
Share-based compensation
80.9
73.2
59.3
+10.5%
Buybacks
457
693
25.0
-34.1%
Dividends paid
241
206
163
+16.8%
Dividend per share
$1.54
$1.25
$1.01
+23.2%
Diluted shares, weighted
155m
165m
163m
-6.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,897
5,384
4,368
-9.1%
Non-controlling interest
9.2
104
91.4
-91.2%
Debt
1,729
1,766
1,777
-2.1%
Other liabilities
4,536
3,633
3,674
+24.9%
Total liabilities and equity
11,170
10,887
9,910
+2.6%
Fixed assets
1,720
1,797
1,698
-4.3%
Goodwill
2,926
3,009
2,786
-2.8%
Intangible assets
1,095
1,178
1,150
-7.0%
Cash and equivalents
838
657
576
+27.5%
Inventory
1,401
1,412
1,172
-0.8%
Other assets
3,190
2,833
2,529
+12.6%
Total assets
11,170
10,887
9,910
+2.6%
10-K for the year ended 30 June 2012, filed 22 August 2014: the filing.